RECOMMENDED to Council

(a)    that the Housing Revenue Account’s (HRA) debt portfolio and interest payments due in 2012/13 be noted;

(b)    that the proposal for no principal debt repayments in the current financial year or during the period of the Medium Term Financial Plan (MTFP), namely 2012/13-2016/17 be approved;

(c)    that the creation of a new reserve, to be called the Strategic Reserve be approved;

(d)    to fund the HRA’s 2012/13 Capital Programme from the negative HRA Capital Financing Requirement, thereby releasing additional funds for the Sheltered Housing Re-Provision Reserve (SHRR) and Strategic Reserve (SR) be approved;

(e)    that the HRA Revenue Budget for 2013/14 and the Landlord Service Business Plan summary at Appendix A to the Executive report be approved;

(f)     that the 2013/14 to 2016/17 HRA Capital Programme at Appendix B to the Executive report be approved;

(g)    that the average rent increase of 4.67% for 2013/14 in line with the national rental increase as per the Government’s Rent Convergence Policy be approved; and

(h)    that the proposed allocation of £0.2m to support financial advice, money management and debt problems for customers be approved.